Bundesbank president Weber says that the German economic recovery is expected to gain momentum in the second quarter.
He denied that German export strength comes at the expense of others in the eurozone, a prime topic of discussion in recent months as Club Med states lose competitiveness, unable to inflate and devalue their way to prosperity due to euro member ship as they could have in pre-euro days.
Also on the wires is ECB president Trichet, speaking from New York. He says the global economy has turned the corner but that the recovery remains somewhat fragile.
